Japan's jobs-for-life system a reason for static wages

National Sep 20, 2016

Japan's jobs-for-life system a reason for static wages

In contrast to job-hopping Americans, Japanese workers rarely jump to different companies, likely frustrating policymakers' efforts to drive wages up. Wages fell steadily during Japan's long battle with deflation. Raising them has been a focus of Prime Minister Shinzo Abe's growth program, which seeks to ...